There was an earlier thread on this, but I have some additional questions for anyone who is currently offering these and would be willing to share their information.

How do you handle changes in ownership or name changes? For instance, what kind of documentation would you require to remove an owner? Do all parties have to be involved or can only one party make a change? Are all changes of this type handled simply through a new sig card?

We are planning to assign an "account" number, and all renewals, etc. will be handled through this same number. Should there be any limitations to the types of maintenance or changes which are allowed before a new number is required? Is it common to assign each renewal, etc. a suffix to the account #, i.e. 12345-001, 12345-002, etc.?

Any information anyone would be willing to share would be greatly appreciated!

Our book entry CDs are handled just as any other account. We do not remove a name except in case of death, documented by a death certificate.

We discourage "changes" to CDs; however, when we allow a change, any account owner or authorized person can initiate a change (such a a change in CD term at maturity or interest payment method). A new signature card must be prepared and properly signed by all parties. In addition, a new TISA must be provided.

We no longer utilize the account number+suffix numbering system. A new CD account number is given to each CD.

A hardcopy CD is required when the CD is held as collateral on a loan.

Sorry, double posting.

Hey, system gurus, why do I click once and post twice? I think my clicker isn't feelin' so good.

[This message has been edited by Brenda Canterbury (edited 12-06-2001).]

Regarding new signature card and TISA disclosure, is this like a Bankers Systems document?